Nest56

External view of a multi-story building in downtown Denver with bright color accents

Nest56

2024

Rental Housing

Denver

Developed by Rivet Development and Pennrose LLC, Nest56 at Denargo Market is a supportive housing development that includes 56 affordable apartments for residents ages 18 to 24 who are transitioning from homelessness and/or the foster care system.

CHFA was proud to support Nest56 with an award of $781,055 in state Affordable Housing Tax Credits and $684,816 in federal 4 percent Housing Tax Credits in 2021. Additionally, CHFA supported the development with a $5.8 million SMART loan alongside a $600,000 Capital Magnet Fund (CMF) loan and $150,000 CMF grant.

Two people sitting at a table smiling at the camera

Two people in a room with crafts on the surface in front of them.

An exterior photo of Nest56 which shows the ground level of the building painted in bright colors.